New York City securities firms have added 1,400 jobs in May and June, and now employ 164,500 people. Securities firms had been losing jobs since August 2007. The highest employment rate for these firms was in December 2000, when firms employed over 200,000. Despite this, the city’s unemployment rate rose to 9.5% in June, the highest rate [...]
Continue reading...Tuesday, February 10, 2009
UBS AG, Switzerland’s biggest lender, will offer investment bankers more pay this year after announcing 2,000 additional job cuts at the unit. The bank plans to reduce the number of employees at the unit to 15,000 this year, from about 17,000 at the end of 2008. Bankers who remain are likely to get bigger bonuses as [...]
Continue reading...Wednesday, January 21, 2009
New Jersey could lose as many as 20% of its securities industry jobs as the recession deepens, and many residents also could lose their jobs at New York City banks and brokerages, according to a Rutgers University report. The report estimates that in 2009, New Jersey could lose one-fifth of the securities jobs it had in [...]
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Thursday, July 16, 2009
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